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FOX Business
Feb 10, 2013 1:30am EST
be champs, but the city looking like chumps. financial ruin and the highest taxes in the the state take a toll and should the democrats in washington take heed because just this week, a group of them unveiled a 300 billion dollar tax hike they say will help pay down the debt. can america afford it? to ben stein and dagen mcdowell, along with adam lashinsky and gary k, more taxes? >> jumpy, mo yummy, more taxes course not. you hand it it to washington d.c. inefficient, ineffective and every program they've ever run is bankrupt and it's the worst possible thing to do and amazing to watch they said they'd only raise taxes on the so-called privileged few, but everybody got a payroll tax hike and unfortunately, we're hearing from reid, pelosi and unemployment still at 7.9% and we have yet to feel the effects of things to come. >> dagen, i've got to tell you, one way they think you can fix the economy, taxes, taxes, taxes, it's nuts. >> we got that cbo report this past week, 7 trillion dollar in additional deficit and factor in what that 600 billion dollars in tax hikes that the democrats di
FOX Business
Feb 22, 2013 5:00pm EST
's beef supply, plus, when only one property owner in 77 blocks pays their taxes, you know your city is in big trouble. detroit looking at default. we've got two top experts that dealt with this kind of thing in the past, and they have some advice for all of the cities in the country that they could learn from detroit's problems. more money coming up. ♪ ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we unrstand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper avege. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. adam: look at that, a fine looking steak, garlic, pepper, and if you're a beef lover like myself, listen up. anot
FOX Business
Feb 9, 2013 2:00am EST
. of the people are predicting. gerri: individual markets because i know you have of you in some cities. >> new york city, and that, i have to say, i am totally biased and you should not listen to me at all. is the tree because i make my livelihood here. when i love about new york city and all the cities that are really international cities, there are not that many in the united states, san francisco, l.a. a bit, i love about it is there is always a new population of people moving in. so the japanese lose their yen value and move out, the chinese move in and take their computers of their hands, always someone, whoever is coming in. gerri: to see that more all over the country. all the foreigners buying in florida. so we're starting to see investors coming in the fall cash. foreigners coming in and out of cash. individuals, first-time buyers, people who want to trade up. >> you know who is a person he should be moving even more than a first-time buyer or international person, someone who wants to trade up because if you take less for your home today and get them, this deep discount to you are ah
FOX Business
Feb 27, 2013 6:00pm EST
employer to watch for you read. also, local government run amok. the city hires a new manager who can't seem to manage his own money. he as dawn broke twice. helping our euros, military wives are making a difference. the willis report is on the case. ♪ gerri: all that and more coming up letter, but first, our top story, more and more companies tracking employees every move, please camorra they shop, it's way they're putting gun. thanks to obamacare. listen up. you could be next. joining me now, founder of patient private rights foundation. we don't have enough of that right now. , was shocked to learn that some countries are buying not medical data but financial data and of the employees that the cover to find out where they're buying plus size clothing, going to bars and spending all their money on vodka and gin. it seems to me a real invasion of privacy. >> yes. it is a massive invasion of privacy, but this is not caused by obamacare. this is caused by companies wanting to try to control spiraling out of control health costs. it is not caused by obamacare. technology. gerri: the p
FOX Business
Feb 28, 2013 6:00pm EST
news for gasol. coming up, all we will perform an autopsy on the city of detroit. next, why one of the most notable female ceos on wall street says it is. this panel will lay in. ♪ ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >> from our fox business studios in new york, here again is gerri willis. gerri: laying down a tough ultimatum for employees working at home. show up to your desks or lose your job. she says of the best decisions and insights come from a hallway and cafeteria discussions. speaking quality is often sacrificed will work from home. this has led a firestorm among self-proclaimed feminist begging the question what role should feminist play end program america. joining me now, senior policy analyst for the independent women's forum. correspondent for the next generation. attorney here with me and said. the one to read this to you. this is what really caught my attention. i don't think that i would consider myself a feminist. i believe that women are just as capable, if not more so, b
FOX Business
Feb 17, 2013 1:30am EST
banking, i'm not an expert citi, but i know about it. there's a barrier to entry for smaller banks, bigger survives becausef dodd frank and basel, basel-- and there are barriers to entry to investment banking and debt diversification. is there a barriers entry in the airline industry? >> and adam, i'm going to stand apart from a the lot of these guys, i don't think that airline ticket prices are that high. i note to gerri's point with the fees and everything you're getting gouged because they can't give you a ticket price and leave it at that and it is, it is cheap to fly in the scheme of things and i just suspect with the mergers, reality is going to start to come home and it won't be as cheap to fly. >> over the past 30 years, airline places came down dramatically after deregulation and got really inexpensive to fly and guess what, the airlines didn't make any money so of course, prices are going up. and i also think that small airlines will start up where routes are being served well, and they'll offer ultra cheap prices and they'll succeed and some will fail. this thing has a cycle to
FOX Business
Feb 21, 2013 1:00pm EST
. shibani: has rock city hit rock bottom? rick jones will join us with what he thinks needs to be done to save the motor city from collapse. ashley: speaking of financial trouble, the man who led greece when its economy eventually was created, he has a job. details coming up. ♪ today is gonna be an impyou ready? for us. we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. shibani: get ready for it. moving coast to coast a winter storm now hammering places like kansas and nebraska. where is it heading next? we have the very latest. should i be getting my snow boots out for the weekend? >> that definitely depends on where you live. a lot of whether going on this afternoon. heavy snow continues to fall right around the st. louis area. that being mixed in with some sleep there. we are getting reports of anywhere from nine-1
FOX Business
Feb 8, 2013 1:00pm EST
will ask the ceo of citi mortgage. ashley: whiteout conditions expected to last well into tomorrow. time for stocks now as we do every 15 minutes. nicole petallides is standing by. nicole: last friday we closed out 14,009. that is our highest close in five years. while we are not too far off from that, about 20 points, we would still have a losing week here on wall street. it certainly feels full force here. people are trying to figure out how they will get home later. the tech heavy nasdaq is the best of the bunch. as you noted, with the snow, many places closing their branches. i want to take a look at a one-year chartier on the dow jones financials. inventory of furniture, automotive goods, they will sell by the most we have seen in three years. back to you. melissa: thank you so much. ashley: if you have money, life is good. the luxury real estate market on both coasts is still very hot. more homes selling for $5 million or higher than ever before. new york cash-rich foreign buyers are stealing spots. we are taking a look at two of these markets. sandra smith is in new york, robert g
FOX Business
Feb 20, 2013 9:20am EST
the spine of every city in america. detroit is broke, bankrupt by any other name. good morning, everyone. detroit has lost control of its money. michigan's governor has 30 days to appoint an emergency manager who will make all financial decisions. two options. the state or the feds pony up some cash, that would be a bailout, or bankruptcy where a court decides who gets what. clearly, for detroit, the game is up. the city couldn't come up with a workable plan of its own for solvency, 14 billion dollars worth of debt and pensions for retired city workers, they're at the heart of the problem. where the ripple effect comes in. countless other cities and states have made promises to their retirees which they cannot keep. we are on it. we're on gas prices, we're looking at stocks near a record high and we're looking at president armageddon. yeah, "varney & company" about to begin. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity option.. evaluate them with our p&l calculator...
FOX Business
Feb 7, 2013 6:00pm EST
, by the way, the cleanup was done very quickly and efficiently, and those cities were rebuilt and rebuilt mostly with private money and private charities and local organizations. gerri: right. >> i don't know, why couldn't we do that today? gerri: i have to tell you, we spent some time looking for the requests for fema aid, they just go up, up, up, up, up. it bears no resemblance to really the disasters going on the world, what's going on concern. >> that's right. gerri: it doesn't matter, it's a way to get federal dollars. but when it comes to the national flood insurance program, people pay for their coverage. i'm not against them getting their coverage if they've paid for it, but the reality is the government can't get the money out the door. they do a lousy job. take a look at these numbers. >> okay. gerri: when you talk about resolve sandy-related claim, fema's fulfilled 40-50%, that's all, maybe 50%, maybe not. private companies, 85%. i mean, the difference there is astounding. and when you make the point that maybe we should just turn it over, all of it, to the private insurers, we
FOX Business
Feb 25, 2013 8:00pm EST
but president obama hitting the road to go gaga over spending. launching a 100 city tour eto help local governments tap new spending programs, courtesy of uncle sam. richard benjamin is joining us. and gary, you just think that this is beyond a mixed message? >> it is almost like the obama administration went in a room said, how could we worsen this? how could we make more people mad? we're in a situation, today neil 3 billion-dollars were headed to the deficit, we have a congame with they i sequester coming up, now let's spend more money, sending people out to spend more money in the cities, i feel like i'm watching saturday night live, but unfortunately it is the real world. neil: this is reminding locality city, states what moneys and opportunity are out there v via the federal government. >> this is a case where obama administration is trying to take political dynamics around spending how people view it and use it to their advantage, if you ask in surveys, do you know that government needs to cut spendings, then you ask them, would you support or oppose this being cut, then everyone
FOX Business
Feb 27, 2013 7:00pm EST
organization organizing for america spending out across america to dozens of cities and spreading his message of fear and despair. obama supporters and unions have moved a long way from the themes of hope and change, haven't they. today the head of the national air traffic controllers association predicted major hubs in chicago, houston would be forced to shut down resulting in fewer flights perhaps third fewer flights at major airports. the union warning of significant delays, possible safety hazards including limiting lending options during bad weather all because of the sequester. union president said "if they proceed, these indiscriminate cuts will ultimately result in fewer flights and increased delays, creating a ripple effect that will hurt airlines and pilots and flight attendants, private aviators, passengers and many businesses large and small that depend on a vibrant aviation sector to survive and thrive." that would be the result of a slow reduction in some $44 million in federal spending according to the president and the scare mongers amongst everything from the organized action
FOX Business
Feb 8, 2013 5:00pm EST
on the every word. from the kansas city president, george, and carls, and st. louis president and cleveland fed president, and esther george, the key one to watch. >> now the number two thing to watch, wednesday, we have the commerce department releasing retail sales for january. sales are expected to rise a little bit. auto sales, a key driver in december's move higher. >> a little bit bit. number one thing to watch, initial jobless claims come out thursday, expected to drop by 6,000 from 360,000. claimed dropped by 5,000, less than expected, and the four week moving average fell by 15,000 since the start of the year. there's always revisions that come up. >> living room. -- all right. stay safe. i'm going to dry to drive hem. david, be safe. me liz is is next. melissa: here's what "money" tonight. it's the real estate story, america. housing coming barks, but is it? what are the biggest mistakes that people are making in the market? four industry heavy weights to weigh in. plus, caught red handed. a legal iranian weapons seized in yemen revealing arms sales that could destabilize the region.
FOX Business
Feb 15, 2013 10:00pm EST
. send me an e-mail. finally, loves to talk about new york city mayor michael bloomberg. he is finally, yes, finally getting his state of the study, the last one. and in a speech he made this announcement. >> right now of those arrested for possessing small amounts of marijuana are often held in custody overnight. we're changing that. effective next month, anyone presenting an id and clearing a warrant check will be released directly from the precinct with up appearance ticket to return to court. [applause] it is consistent with the law. it is the right thing to do, and it will allow us to target police resources where they're needed the most. gerri: is that not crazy? at me get it straight. if you're found smoking pot you get the same punishment in the city is if you have a large soda? something is wrong with that. that's my "2 cents more." coming uponday, the market is closed for president stake, but we will be here. join us on monday. we will see you then. >> good evening, everybody. while much of the world awakened this morning is anxiously anticipating a close encounter with a 150
FOX Business
Feb 4, 2013 7:00pm EST
to minneapolis. a city that he wants to highlight. its murder rate has fallen 15% over the last five years. they are down 15%, but almost twice the national murder rate. for all of that, president obama spent hours in air force one, was on the ground barely two hours, and then got back on the plane. it cost taxpayers millions of dollars for him to travel for his speech about gun violence. minneapolis with the murder rate nearly twice the national, all of this happening after the president dropped into nevada for a couple of hours. there he delivered a 20 minute campaign speech on immigration. at a cost of more than $1.5 million of taxpayers money. the president claiming broad support for his initiatives of gun control. but he has offered no specific proposals at all. >> we have been able to take some steps of administrative action. real and lasting change also requires congress to do its part and to do it soon. not to wait. the good news is that we are starting to be a consensus emerge about the action that congress needs to take. lou: you have to wonder how safe the communities i were the
FOX Business
Feb 6, 2013 6:00pm EST
on a massive scale. how american cities are facing financial ruin. also, all new world first to none that. the wealthiest colleges are now suing students should know repay . that teach about -- "the willis report" is on the case. gerri: all that and more coming up later, but first tonight, the u.s. under attack. our nation's federal reserve system confirmed today one of its websites was broken into by cyber hackers. personal information stolen, and a number of attacks just keep on growing. yesterday financial times reported hackers post of the private details of thousands of u.s. bankers online, including addresses got telephone numbers, passwords, and here is one for bloomberg days ago after twitter said hackers access data of more than 250,000 users, but the wall street journal in new york times recently reporting they were hacked as well what china. the law street journal out today saying it is still under attack by the chinese. for more on this and joined by two big time experts. but start with you. this story really gets to me. this is the nerve center of our financial system and you
FOX Business
Feb 7, 2013 9:00pm EST
, they are mad at me. >> city schools are terrible because of unions like yours. >> our test scores are not what we choose to focus on. john: how do you know if they are learning anything. >> i know they are learning whether i look in their eyes. john: give me a break. >> they also oppose charter schools. >> over my dead party. john: unions are mad some charters can fire bad teachers, what is wrong with that? >> a teacher wants to teach. john: this actor said this teachers need tenure. >> why else would you take a [ bleep ] salary? >> most provisions do not have tenure, wit but now there is soe good news, some schools were teachers can be fired, kidding learn, give us worse school anywhere in america, and we'll outperform the other schools in 5 years. john: how good are test scores at his charter school. >> not evennard word for it. >> unions say they avoid the problem kids. >> no way, i love school. john: up to now, adult have run the show. made ud stupid in america. john: school spending has tripled in last 40 years, what do we get? fancier schools, but student learning? no improvement. there
FOX Business
Feb 9, 2013 12:00am EST
fransisco and new york are the two cities in the united states of america that have the greatest barrier to entry. the demand for housing far exceeds the ability of the marketplace to produce that housing. the appreciation is really based upon the inbalance between supply and demand. melissa: uh-huh. new york as well, by zillow thinks it's up half a percent in new york, one of the worst places to buy. >> you can't believe zillow. you really have to -- [laughter] i mean, if you -- if you look at what people said about housing, they said that nobody would buy houses anymore, and it was over. melissa: do you think prices in new york are going up half a percent? >> prices in new york city, and when they take new york, new york state is in effect. new york city, we are back to the prices that we were at the boom. we're at 98% of the value of the homes before the boom. melissa: anything changed? >> financing, much harolder. melissa: you have to have more money? >> yes, and very, very good credit. melissa: what changed? l.a. is an area, i have friends hurt out there, bought their home, collapse
FOX Business
Feb 22, 2013 1:00pm EST
: the midwest is digging out. snow and lots of it. we will go live to hard-hit kansas city. ashley: they say there is no business like show business. we are talking oscar economics. shibani: are you ready? oscar party. ashley: it will be a good one. shibani: time now for stocks as they do every 15 minutes. nicole petallides. looking pretty good here. can we make it a winning week. nicole: we really are seeing some acceleration to the upside. hewlett-packard accounts for more than 16 of those points. i have also been watching the dollar. the jolley just went back into the red. you do see that correlation. you are saying all the three major averages having really nice moves. make women is working very hard on her five-year turnaround plan. certainly, we are seeing hewlett-packard doing well. s&p not positive for the week. shibani: that was a big surprise out of hewlett-packard. thank you, nicole. ashley: energy traders catching their breath after a wild weekend, or week, i should say. hovering near a new 2013 low. let's head to the cme. fail, you could argue that oil is coming up slightly toda
FOX Business
Feb 8, 2013 11:00am EST
? >> new york city, long island, northern new jersey, the battleground between rain and snow into the evening hours. that will cut the accumulation enough so this is not a devastating storm in new york city. once you get more or abuse, the population will see 15-25 inches of snow. these places will be shot from one-2 feet of snow. the wind gusts will approach hurricane force tonight. that will with the snow into mountainous drifts. this is part of the beginning of the worst of winter for the united states. right now we are basking in the warmth in the warm places. you will see a parade of storms from the carolinas to california. it will impact the country economically. four weeks ago i was saying this will turn around. dagen: i do want to ask you this. just yesterday i got multiple alerts via my cell phone from the national weather service with the blizzard warning. i got a phone call from the local police. i got a phone call from a local lawmaker. i got a phone call from the local power company. that was more than i heard about this storm. before hurricane sandy. frankly, it
FOX Business
Feb 19, 2013 1:00pm EST
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FOX Business
Feb 7, 2013 11:00am EST
for this and they know they will be flying to dozens of cities across eastern seaboard where they will have to change a lot of flights so what they're doing it seems all getting on board and having rebooking waivers. delta among many that are relaxing the rules for these cities, friday, saturday you will be committed to make a one-time change your travel schedule without any extra fees. southwest is on board with that. they don't normally have this type of precompilation anyhow, they're the ones that are pretty good like that. everybody will be able to have their winter weather waivers and be on board with that because as you have been watching the fox business network, there is a storm on the way on the east coast. while you see some of these airlines to the upside, the transports are pulling back. yesterday we saw the fact they were doing better on the idea jet fuel had pulled back a little bit, that is one of their major pops. a mixed bag for this group in particular. dagen: we can skip the american airlines potential merger with u.s. airways, the biggest airline in the world. thank you, nicole. c
FOX Business
Feb 8, 2013 9:20am EST
®. >> it's real estate day on fox business and sandra smith starts our coverage in new york city, one of the most expensive places in the world to buy a home. sandra? >> hey, charles, well, manhattan continues to be a safe haven environment for those who want to invest in real estate or buy a place here, to go shopping or hit the trendy restaurants or bars or a show. we're going to have a look for you the next hour of varney about two and a half million dollar apartment, what you get for that kind of money and who is buying these places? manhattan's real estate market is booming. it's a seller's market right now. what does it take? we're going to have the answers to all of that with you, charles, coming up at 10:30 on varney. charles: i can't wait. sometimes i stand in central park and look at the apartments, are there that many rich people out there? i can't wait, sandra, thanks a lot. >> exactly. charles: don't talk about home builders stocks not necessarily on varney, but they've been soaring in the past year, nicole, i know you've got one that's more than doubled. >> i thought you
FOX Business
Feb 14, 2013 6:00pm EST
turbines are now powering some of america's biggest cities. siemens. answers. gerri: first of a universal health care now universal pre-k. our nation's teachers are missing in action. the stories in 60 seconds. away. announcer: get caught buzzed driving, and you could do some hard time. woman: craig. knock it off! sorry, mom. announcer: it could cost you around $10,000 in fines, legal fees, and increased insurance rates, and that could set you ba a few years. buzzed, busted, and broke because buzzed driving is drunk driving. ♪ gerri: teachers missing in action. your child's teacher picking up record amounts of days a year, and it's costing school budgets big time. starting me now, president of the national council on teacher quality -- teacher equality. thank you for coming of the show. great to have you with us. this is one of those sleeper issues that a lot of people don't pay attention to. and i see from the fact that we put together that one in three teachers this ten plus days in 180 days cool year. that sounds like a big number. what is going on? >> it is a lot, and this goes back
FOX Business
Feb 27, 2013 5:00pm EST
pioneered by tom murphy at capital cities abc. warren buffett loves them. you could end up paying a whole lot for your shares like netflix that did a lot of buybacks at $200 a share the stock plummeted way below 100 bucks. they wasted money. also isn't it a sign that the companies lack creativity? why shouldn't they plow the cash back into building new businesses instead of just buying stock? >> i think we have to look at the nature of the business. take apple which has huge amounts of cash. cash is not an important fact for apple when it comes to organic growth. it is what is the next great product they can create? they're the next idea away from growing. if you're creating a lot of cash in a slow growing economy doesn't mean you're not doing your job. you just have to operate within the constraints of the economy that you're in. if you're a consumer products company like a proctor & gamble, they can't grow much more rapidly than the economy is growing. but they become much more efficient and generate a lot of cash or buy back stocks or increase dividends their management should be comme
FOX Business
Feb 6, 2013 9:00pm EST
north of virginia, the city of baltimore has some money problems, which is to say they have no money. a new report is warning, baltimore is heading toward financial ruin if major reforms are not enacted. with more on this republican delegate. [inaudible conversations] town of baltimore, thank you for joining us. >> you have a failed leader does not do long-term planning and is basically a big spending politician. this is when you get into trouble. also, you have a lot of control and influence over by the aryans , and that is why you don't reform the health care and the pension which is a big part of this problem. gerri: but, you know, to beg your pardon here, these problems have gone on for a while. he had to dig yourself out of 121 million budget get back in 2010. has there not been overspending for some time? >> i think so. a long time. then there are also bad ideas. you have a grand prix that this mayor promotes every year that is losing money, talking about building up the population of the city by attracting illegal immigrant families, 10,000 of them. this is nonsense, and this
FOX Business
Feb 26, 2013 1:00pm EST
in the 20-city survey jumped 6.8% year-over-year. that is huge. the best yearly gain since july of 2006. you remember those days, right? earlier today i talked with the coauthor of that report, yale professor, robert schiller and here is what he had to say. >> the house being market has more momentum than the stock market. so i expect it to continue to go up in the short run. the longer run is always unclear. it is a speculative market and i don't, you know, i'm not joining the crowd who is saying this is a major turning point. we don't know that yet. melissa: why? what makes you think it is not a major turning point? when you look at stats themselves, year-over-year numbers, 20-city index, ten.8%. it makes it seem like we did in fact hit a bottom in 2012, no? >> if enough people think that that will be a self-fulfilling prophecy. i'm trying to engage that right now. we had the apparent rebound in 2009 and 2010. that one fizzled. people say that one was caused by the homebuyer tax credit. when they pulled the tax credit, home buys started falling again the may be. but government policy is ve
FOX Business
Feb 6, 2013 9:20am EST
. matters are getting worse in every inner city and rural communities it's out of control, so someone in washington has to have the leadership abilities to say i don't care what you call me, you're in timeout. we're going in here and reform these because frankly, we're cruel to the poor. this is not helping someone to not find their abilities to it be able to produce something to allow them to sit on the couch all afternoon because they get a headache and collect disability. >> on a related note, one fast one for you, i want your comment. one lawmaker in tennessee introduced legislation that would cut welfare benefits to parents whose kids are not doing well in the classroom. and tying welfare to performance. and could find their welfare checks cut. what do you say. >> i say hallelujah, at least we could make sure the children do not repeat the behaviors of parents and get a good education. stuart: star parker, thank you. all right, enjoy that super bowl victory, enjoy it in baltimore because tough times are acomein'. cording to a report, it's headed for financial ruin, the reason why
FOX Business
Feb 8, 2013 12:00am EST
the skiddy one negative city but the school system's some thought that is what needed to happen. >> one of the worst school districts in the country. >> before katrina schools were failing. >> day you rebuild or something entirely new? >> louisiana built something new and maybe ec summit you tell the state here is my plan, there was a school called t. levin he would drive his car around putting up signs advertising his school. he had to advertise because students had to choose to go there. they didn't just get sent there. >> we put these up everywhere. >> he even went to people's houses. >> we never had that. >> her son goes to sci academy he talked to me and he was explaining about the hours and academics. john: only one-third of students were proficient on the state test. >> half of them did not know how to read. john: now sci academy are among the best in the city although it is just a bunch of trailers. >> at the school complaints about facilities they're not focused on the kids. john: how do they do it? >> the teacher passed to perform the principle can fire. >> and sharon also fir
FOX Business
Feb 17, 2013 8:00pm EST
on the go with city lens. or the droid razr m by motorola in pink for $49.99. everything droid does in an edge-to-edge display. hurry in, because the sale ends february 20th. powerful devices. powerful network. verizon. ♪ lou: industrial production below expectations, down by a tenth of a percent last month. deutsche bank senior economist joining us here in just a moment to tell us what to expect. consumer confidence, we ind out , was stronger than expected last month. stocks mist on the 45 mixed on the final trading day. isn't the nasdaq moving lower. volume on the big board, almost 4 billio stocks mixed on the week, but the snb did manage to gain. keeping the winning streak alive for a second consecutive week. wal-mart's stock down sharply in news that that you're resales are disaster according to an internal e-mail obtained by bloomberg. tiffany is suing costco for selling in asia rings label tiffany that are not tiffany rings. tiffany stock of slightly over a dollar. costco stock, hey, it's up $0.15. the commodity markets, gold falling sharply on reports, several prominent fun
FOX Business
Feb 17, 2013 11:00pm EST
you get the same punishment in the city is if you have a large soda? something is wrong with that. that's my "2 cents more." coming up monday, the market is closed for president stake, but we will be here. join us on monday. we will see you then. >> good evening, everybody. while much of the world awakened this morning is anxiously anticipating a close encounter with a 150-foot wide asteroid called the a 14, russians and the region saw the trail of a huge meteor streaking across there strike. the streaking the right exploded over the mountains in russia early today, injuring more than 1,000 people. solid glass or the force of an atomic bomb wrecked building facades and blew out windows. the meteor estimated to be approximately 10 tons in weight, about 50 feet wide coming into the earth's atmosphere at a hypersonic speed of 303,000 miles-per-hour shattering into pieces about 30 miles above ground. one of those pieces eventually plunged -- plus a circular hole, as you see there, frozen over a lake. experts saying there were no surprise that the pieces are not tracked by radar becaus
FOX Business
Feb 18, 2013 5:00pm EST
businesses for discrimination? more cities and states across the u.s. are saying yes, will it bring mayhem to the job market? and can facebook start doing my taxes? it is getting a $429 million tax refund. can the growing outrage finally sparked corporate tax reform in the u.s.? even when they say this not come it is always about "money." ♪ the cost of a gallon of regular unleaded gas surging 32 days straight. the average price for a gallon of regular gasoline is $3.73 national average, up from $3.29 back on january 17. so how much more pain and drivers expect on the road ahead? let's ask senior petroleum analyst with gasbuddy.com. everybody seems confused, it is not the summer driving season. reports are demand is down and supplies are up, so why are we paying these skyrocketing gasoline prices right now? >> looking at things, we have seen demand co-op from the data i have seen. a lot of it has to do with positive sentiment surrounding the economy, dow jones has one of the best january in years. if the dow has a great january, oil prices likely will follow. that is what we're seeing. ga
FOX Business
Feb 18, 2013 6:00pm EST
. sandra: okay, moving on, sometimes you have to spend money to save money. at least if you are the city of baltimore, maryland. the city paid outside consultants. this is crazy. $585,000 on how to save money. maybe they should start by not hiring consultants to tell them how to save money. what do you guys think about? >> yes, mitigations have spent on something stupid like this. >> when you are spending other people's money, you don't care how it's spent. a classic example when donald trump took over the city project in new york to make an ice skating rink in central park. it's been two or three years that they spent overbudget, but then donald trump took it over, six months is all it took, under budget and in a less amount of time. let the private sector handle it. sandra: although sometimes it makes sense. if you're going for an interview, spend the money on a new suit. >> is a private person, yes, as a government, known. it will turn out that the guy who ran the agency, it's always connected the on thank you for joining us. that's all we have for "money." "the willis report" is comi
FOX Business
Feb 20, 2013 3:00pm EST
of america's biggest cities. siemens. answers. bob will retire when he's 153, which would be fine if bob were a vampe. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on hisortfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade. liz: counts down to the countdown. casino resorts placing bets around the world, but for a different end? mgm ceo live on earnings and placing bets on the next frontier. the business of billboards. from these old signs to the digital billboards. the transformation plan exclusively, clear channel ceo. and pain at the pump equals revenue at the refineries as gas prices rise 33 days in a row, should you be rushing to refinery stocks? "countdown to the closing bell" starts right now. liz: kvetch then, everybody, i am liz claman. the last hour of trading and the dow has taken a leg down. this after the fed minutes came out and has become a question of when, no longer if, they will stop all
FOX Business
Feb 20, 2013 5:00pm EST
these phones i should point out cleveland is city i love i lived there for eight years. these phones are intended for people who might be on disability. for people who can't afford to use the phone. the incentive is for these companies to sign up as many people as they can because it doesn't look, it was only last year they started to request who is getting the phone. why did they wait so long to look who is getting the phone? the program has been around for several years? >> just want to correct one thing. i know there is lot talk about the obama phone. the program was created under ronald reagan and expanded under bush and continues under the obama administration. why did it take so long is a good question. the fcc actually began looking into into 2010 because government doesn't work very quickly. adam: efficiently. >> took them a year and a half or two years to actually pass the reform order. so they passed it in the beginning of 2012. so took them a while to get to that point. people are saying that the reforms are working. they're starting to weed out a lot of these --. adam: it
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